Adelsons Pour $75 Million Into Last-Ditch Effort To Save Trump
Casino mogul and GOP megadonor Sheldon Adelson and his wife donated $75 million to a super PAC in September that blasted battleground states with anti-Biden ads, according to Politico.
The money went to Preserve America PAC and reportedly made up about 90 percent of the group’s fundraising for September.
The group will report spending $77 million in September, with almost all of it — just under $76 million — on independent-expenditure ads pillorying Biden. In just over a month of activity, Preserve America has become one of the largest outside spenders in politics, according to data collected by the Center for Responsive Politics, trailing only the pro-Biden super PAC Priorities USA Action and America First Action, another long-running pro-Trump group, among super PACs focused on the presidential race.
Politico reported that the Adelson’s $75 million to Preserve America more than doubled the amount they had given to Republican candidates and committees for the 2020 election cycle: “The couple had previously contributed more than $54 million, including $50 million to Senate Leadership Fund, the GOP super PAC focused on defending the Senate majority.”
The Adelsons' cash infusion backing Trump comes despite some tension between the president and the megadonor. In a phone call this summer, before the founding of Preserve America, Trump confronted Adelson about why he wasn’t doing more to support his reelection. At the time, Adelson chose not to escalate the iight with the president, POLITICO reported at the time.